RPM’s Rust-Oleum buys specialty cleaners from Resilience’s CR Brands

RPM International’s Rust-Oleum group has acquired the Mean Green specialty cleaning products line and an exclusive U.S. and Canadian license for Roto-Rooter-branded drain care products from CR Brands Inc., a Resilience Capital Partners’ portfolio company. Terms were not disclosed. “Rust-Oleum has made a concentrated effort to build and grow its platform of cleaners,” RPM CEO Frank Sullivan said in a statement. “Mean Green and Roto Rooter products are excellent strategic fits that add more dimension to the growing portfolio. Utilizing Rust-Oleum’s sales and distribution network will significantly increase the reach of these leading products.” In a separate in a statement, Resilience Capital Co-CEO Bassem Mansour said, “This transaction will enable CR Brands to focus on initiatives to drive continued growth in products such as Biz and Dryel that offer consumers outstanding performance and superior value.” Jones Day served as legal counsel and KeyBanc Capital Markets acted as exclusive financial adviser to Resilience and CR Brands.